2026-01-30 11:15Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -80 billion and -90 billion CNY, indicating a loss compared to the previous year [2]. - The expected net profit attributable to shareholders after excluding non-recurring gains and losses for 2025 is projected to be between -89 billion and -99 billion CNY [3]. - The net profit attributable to shareholders of the parent company for the previous year was 823.58 million CNY, with a net profit of -4.35 billion CNY after excluding non-recurring gains and losses [4]. Industry Challenges - The automotive industry is facing intense competition and rapid restructuring, leading to a decline in profits due to increased sales investments and adjustments in the product structure of self-owned new energy products [5]. - The company anticipates an increase in asset impairment provisions for intangible assets and inventory compared to the previous year due to sales and product structure adjustments [5]. - The investment income from joint ventures has decreased due to asset impairments as these ventures accelerate their transition to new energy [6]. Sales Performance - The company has seen a continuous increase in automotive sales on a quarter-on-quarter basis since Q2, but the total annual sales did not meet expectations [5]. Equity Transfer and Financial Data - There were no similar equity transfer events in 2025 that positively impacted the net profit attributable to shareholders, unlike in 2024 [6]. - The data provided is preliminary and subject to change, with the final audited financial data to be disclosed in the 2025 annual report [7]. - Investors are advised to be cautious regarding investment risks based on the preliminary forecast data [7].